EUROPE - Single currency area must become a "United States of Europe" in order to secure its future, says manager of world's largest bond fund. The eurozone is "untenable" in its current form and cannot survive unless countries are prepared to cede sovereignty and become a "United States of Europe", the manager of the world's biggest bond fund has warned.
SWITZERLAND - The Obama administration is giving in to Iranian demands about the scope of its nuclear program as negotiators work to finalize a framework agreement in the coming days, according to sources familiar with the administration’s position in the negotiations.
MIDDLE EAST - The foreign ministers of France and Germany joined the top US and Iranian diplomats on Saturday to help break an impasse in nuclear negotiations as major powers and Iran closed in on a two or three page accord that could form the basis of a long-term deal.
SWITZERLAND - It has been 12 long years in the making, but this week in Lausanne, Switzerland – possibly as early as Sunday – the US and five other world powers look likely to announce that they have reached an agreement-in-principle to contain Iran’s nuclear programme. The deal will be presented as the moment that a pariah state ultimately decides – to quote Barack Obama from this month's address to mark the Persian new year festival of Nowruz – to “pursue a different future” with the West
SAUDI ARABIA - Saudi Arabia will not rule out building or acquiring nuclear weapons, the country’s ambassador to the United States has indicated. Asked whether Saudi Arabia would ever build nuclear weapons in an interview with US news channel CNN, Adel Al-Jubeir said the subject was “not something we would discuss publicly”.
YEMEN - The meltdown in Yemen is pushing the Middle East dangerously closer to the wider regional conflagration many long have feared would arise from the chaos unleashed by the Arab Spring revolts. What began as a peaceful struggle to unseat a Yemeni strongman four years ago and then mutated into civil strife now risks spiraling into a full-blown war between regional rivals Saudi Arabia and Iran over a country that lies at the choke point of one of the world’s major oil supply routes.
SAUDI ARABIA - Saudi Arabia has jumped into the abyss. Its air attacks on Yemen are a historic and potentially fatal blow to the Kingdom and to the Middle East. Who decided that this extraordinary battle should take shape in the poorest of Arab nations? The Saudis, whose King is widely rumoured in the Arab world to be incapable of taking decisions of state? Or the princes within the Saudi army who fear that their own security forces may not be loyal to the monarchy?
NIGERIA - Nigeria's army achieved its biggest victory over Boko Haram on Friday, capturing the town serving as the headquarters of the Islamist gunmen. An offensive mounted by the 7th Division has broken the insurgents' grip on a large area of Borno state. The fall of Gwoza amounted to the heaviest blow that Boko Haram has yet suffered.
EUROPE - The European Commission has warned EU citizens that they should close their Facebook accounts if they want to keep information private from US security services, finding that current Safe Harbour legislation does not protect citizen’s data.
USA - The move to a cashless society won’t happen overnight. Instead, it is being implemented very slowly and systematically in a series of incremental steps. All over the planet, governments are starting to place restrictions on the use of cash for security reasons. As citizens, we are being told that this is being done to thwart criminals, terrorists, drug runners, money launderers and tax evaders.
UK - Just 17% of England's rivers are judged to be in good health, according to Environment Agency figures. This is down from 29% with a good ecological status in 2014. The analysis is shocking, say environmentalists. Problems are caused by over-abstraction and pollution from farms, run-off from roads and effluent from sewage works - as well as invasive species.
USA/ISRAEL - Rarely have relations between an American president and an Israeli prime minister sunk so low. No sooner had Binyamin Netanyahu won the Israeli election, on March 17th, than Barack Obama told him he would “reassess” relations with the Jewish state. Mr Netanyahu, says the president, has all but destroyed his credibility and the chances for peace with the Palestinians, and he has eroded Israel’s democracy.
USA - Obama revenge for Netanyahu's Congress talk? 1987 report on Israel's top secret nuclear program released in unprecedented move. In a development that has largely been missed by mainstream media, the Pentagon early last month quietly declassified a Department of Defense top-secret document detailing Israel's nuclear program, a highly covert topic that Israel has never formally announced to avoid a regional nuclear arms race, and which the US until now has respected by remaining silent.
EUROPE - During an interview on 8 March, Commission President Jean-Claude Juncker said that the EU needed its own military, in order to deal with the Russian threat, as well as to restore the bloc's standing around the world. Not everyone agrees. Germany and France support Juncker's idea, while Poland, Romania, the Czech Republic and Slovakia insist that NATO should remain the guarantor of security on the European continent.
MIDDLE EAST - Arab foreign ministers meeting in Egypt agreed a draft resolution on Thursday to form a unified military force, in a move aimed at countering growing regional security threats. The agreement came after warplanes from Saudi Arabia and Arab allies struck Shi'ite Muslim rebels in Yemen on Thursday, in an effort to check Iranian influence in their backyard without direct military backing from Washington.